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Threats to Investors

These are some common ploys often used to cheat investors.

Ponzi schemes. Using money from later
investors to pay early ones until the scheme collapses is an old
con that still finds new victims.

Unlicensed individuals selling securities.
Unlicensed sellers should be a red flag for
investors.

Unregistered investment products. Most
legitimate investments must be registered with the state before
they can be offered for sale to the public.

Promissory notes. Notes marketed to the
general public typically turn out to be scams. If the interest
rate sounds too good to be true, it probably is.

Senior citizen investment fraud. Con
artists continue to target the savings of retirees with fraudulent
schemes. Before investing check with state securities regulators
for proper licenses and any complaints against the broker.

High-yield investments. Risk-free,
guaranteed high-yield instruments are usually none of these
things.

Internet fraud. A bad deal isnt any better
because its offered on the Internet. Many online scams are new
versions of old schemes.

Affinity fraud. Con artists are using
victims religious, ethnic or other affiliations to gain their
trust and then steal their life savings.

Are you working with the best technology? Do you know how to help your clients determine if their technology stack measures up? In this free report, J. Carlton Collins, CPA, explains how to answer those questions via a technology assessment engagement.